Replies to post #100119 on Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Well, we're up against a couple of things near term -

NDX hit just below the Jan high at 1104 today and fell back a point at the close.

Above that, we have the COMP Jan double top at 1467 and the NDX .786 re-trace of the Dec high to the Feb. low at 1108.

My guess is that the COMP 1467 double top will be the near term target, as Monday's-Tuesday's bull flag measured to 1464-1465 COMP. After a consolidation, we could mount a final assault towards 1500 COMP.

One thing we might watch is that there is nothing but air between NDX 1108 and NDX 1155. Same for COMP 1467 and 1521 COMP.